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Home » Tag Archives: Iranian sanctions

Tag Archives: Iranian sanctions

Iran struggles to buy food in a world wary of touching its money

Women wearing protective face masks shop at a bazaar following the outbreak of the coronavirus disease

REUTERS, JULY 30, 2020 LONDON/SAO PAULO/SEOUL (Reuters) – Iran, creaking under the impact of U.S. sanctions, a collapse in oil sales and a severe COVID-19 epidemic, is scrambling to buy food and medicine to avoid a supply crunch. But it’s a struggle. Despite such supplies being exempt from sanctions, banks and governments are reluctant to transfer or take Iranian money …

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U.S. lifts Iran sanctions on COSCO Tanker Unit

COSCO oil tanker at port with wind turbine in background

Reuters.com, January 31, 2020 By Timothy Gardne, Daphne Psaledakis and Dmitry Zhdannikov – WASHINGTON/LONDON Jan 31 (Reuters) – The United States will likely lift sanctions within days on units of Chinese tanker company COSCO that Washington accused of transporting Iranian oil, two industry sources said. A source with a major Chinese oil company said they had received indications that COSCO …

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